*********** Political consensus to launch the budget end of the month

1/11/2015 0:00

  BAGHDAD - Shaima Rashid


In light of the drop in oil prices in world markets, the federal budget constraints facing the delayed approval in the House of Representatives, is the increasing inability of being dependent on oil as a source of Tamoal.ually basis despite the continuing debates in the House of Representatives on the budget figures and Tbooibadtha, but he is unlikely to be returned to the government, especially that there is a consensus to approve the end of the month of January of this.

House of Representatives decision Niazi Ihsanoglu, denied the existence of intent to the House of Representatives to restore balance to the government, stressing that he "will be approved later this month."

He said the "morning", said the problems that hover around the figures relating to non-precision and total amount of the budget estimate and the price of a barrel of oil with the continuing decline in oil prices, pointing to the possibility of addressing these issues through the parliamentary finance committee without bring it back to the government.

He said Ihsanoglu said in the budget deficit has been processed bills and taxes rounded amounts of previous years, adding, "but it does not suffice because the deficit increases with lower oil prices in the international markets," noting that if oil prices continued to decline may be resorting to general reserve Central Bank or frozen and confiscated money in international banks to allocate part of it to address Aladz.aly, the MP for the Finance Committee Masood Haider, the parliament seriously seeking for approval as soon Memkn.oukal time MP for the "morning", said the federal budget faces obstacles related to lower prices a barrel of oil to $ 45, indicating that the Finance Committee is considering all proposals for balancing the House of Representatives as well as the Commission's proposals, which will be the light of the discussion of the Oil Ministry and the Finance Ministry to reduce the state's institutions expenses without compromising staff salaries, social status and essential medicines and supplies to the citizen.


He noted a member of the Committee to having a lot of expenses within the state institutions can be reduced to reduce the deficit, noting that the state is now under construction and for everyone to take responsibility and the ministries realize it, noting that there are expectations of higher oil prices in the second half of this year, which will support this budget Am.wachar MP that the oil Ministry is working to increase oil production as well as the existence of attempts to take advantage of natural gas as an important source of the state in the next stage, unlikely to be reducing the investment budget of $ 45 trillion Iraqi dinars, they contribute to the support of a market economy, adding, "but possible to reduce the operating budget, "suggesting to the determination of the House of Representatives to host the ministers and heads of agencies to reduce Moisnthm.mn his part, MP for the coalition of Iraq Abdel Azim Ajman, there is a consensus between the House of Representatives and the Council of Ministers to pass the budget without it back to the government after making the necessary adjustments Aliha.oukal Ajman "morning": that draws the House of Representatives at this stage is to stand with the government without intersection with them, stressing the seriousness of the political blocs to pass the budget without it back to the government after it is arranged with the decline in the price of a barrel of oil, noting that the ongoing meetings to arrange for the budget and the launch of the street Alaraca.obin MP that in light of the existing and increasing deficits as a result of lower oil prices, the investment budget cut without compromising the operational budget, noting that the mass-financing projects Magueta.ama deputy state law Salal Ahmed al-Badri will stop, it has between to return the budget to the government may cause problematic, especially as the street waiting for approval, hoping to be at the Oil Ministry a clear vision and a quick processing of the sharp decline in oil prices.


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